Three College Friends Start a New Mobile Messaging Service in the Hope

question 35

Multiple Choice

Three college friends start a new mobile messaging service in the hope that venture capital investors will buy part of the company within a few years. Which form of ownership should they choose?

• A) partnership
• B) limited partnership
• C) corporation
• D) joint venture

Compare and contrast related and unrelated diversification.

Know how to evaluate an organization's human resource function.

Understand the basic concepts of utility and how it affects consumer behavior.

Identify how changes in consumption can affect total utility.

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Definitions:

Families

Groups of individuals related by blood, marriage, or adoption who live together and share economic, emotional, and social ties.

Income Inequality

The uneven allocation of income among individuals or households within an economic system.

Distribution Of Income

The way in which total income is shared amongst the population or different groups within a society.

Pre-Tax-And-Transfer Income

The measure of a household's income before taxes are deducted and before any government transfers, such as social security or unemployment benefits, are added.